"Magnetic-core memory was the predominant form of random-access computer memory for 20 years between about 1955 and 1975.
Such memory is often just called core memory, ...
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or, informally, core.
Core memory uses toroids (rings) of a hard magnetic material (usually a semi-hard ferrite) as transformer cores, where each wire threaded through the core serves as a transformer winding. Two or more wires pass through each core. Magnetic hysteresis allows each of the cores to "remember", or store a state.
Each core stores one bit of information. A core can be magnetized in either the clockwise or counter-clockwise direction. The value of the bit stored in a core is zero or one according to the direction of that coreĀ“s magnetization. Electric current pulses in some of the wires through a core allow the direction of the magnetization in that core to be set in either direction, thus storing a one or a zero. Another wire through each core, the sense wire, is used to detect whether the core changed state." - (en.wikipedia.org 12.05.2022)